Cryptocurrency markets rallied at the start of the week, following a survey by Twitter’s new owner and CEO, Elon Musk. Dogecoin (DOGE)diverged from the general market.
The famous billionaire bought the social media giant in October for $44 billion. Twitter’s new boss, Elon, announced that he intends to make the platform more decentralized and made some innovations to increase revenue.
With the new Twitter Blue feature, anyone who wanted it for $ 8 a month got a blue tick. Crypto investors, on the other hand, were looking forward to Musk, one of the biggest supporters of Dogecoin, to use the dog-themed cryptocurrency on Twitter.
However Elon Musk He shared a critical survey on his Twitter account in the early hours of the week. New boss, users “Should I resign as Twitter CEO? I will abide by the results of this survey.” submitted a vote entitled
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk) December 18, 2022
According to the survey, 57.5% of the 17.5 million respondents think Elon should not be in the CEO seat.
After this vote, a sale took place in Dogecoin contrary to the general market. DOGE has lost 6.50% since the date of the survey.
With the recent decline, DOGE has yet to recoup losses, although it has bounced back from the critical $0.072 support area indicated by the green rectangle. If this area is lost if Elon officially resigns from the CEO seat, $0.067 appears as the first significant support.
On the upside, resistance levels are found at $0.094, $0.112 and $0.149, respectively.
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